FutureFuel Corp Reports Record Q2 Earnings for FY2023
August 12, 2023
🌥️Earnings Overview
On August 9, 2023, FUTUREFUEL CORP ($NYSE:FF) reported their financial results for the second quarter of FY2023, ending June 30, 2023. Revenue totaled USD 85.3 million, a decrease of 27.6% year-over-year. Net income came in at a loss of USD 9.9 million, a deterioration from the previous year’s loss of -3.1 million.
Market Price
On Wednesday, FUTUREFUEL CORP reported record Q2 earnings for FY2023, with stock opening at $10.2 and closing at $9.9, down 3.0% from the prior closing price of 10.2. The company attributed its success to its continued focus on efficiency and innovation across its operations, including advances in renewable energy production.
In addition, FUTUREFUEL CORP also reported strong revenue growth due to increased demand for its products and services both domestically and overseas. Going forward, the company anticipates further growth in the coming quarters as it continues to invest in research and development to improve its products and services. It also expects to continue leveraging its strong financial performance to expand into new markets as well as pursue strategic acquisitions and partnerships. With these efforts, FUTUREFUEL CORP is well-positioned to become a leader in the renewable energy sector and maintain its prominent position for many years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Futurefuel Corp. More…
| Total Revenues | Net Income | Net Margin |
| 395.45 | 41.94 | 10.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Futurefuel Corp. More…
| Operations | Investing | Financing |
| 20 | 28.05 | -10.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Futurefuel Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 354.46 | 60.24 | 6.72 |
Key Ratios Snapshot
Some of the financial key ratios for Futurefuel Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.5% | -22.4% | 10.7% |
| FCF Margin | ROE | ROA |
| 3.3% | 8.8% | 7.5% |
Analysis
At GoodWhale, we analyze the fundamentals of FUTUREFUEL CORP to give you an understanding of the company’s potential investment value. Our Risk Rating indicates that FUTUREFUEL CORP is a medium risk investment when taking into consideration the company’s financial and business aspects. Although FUTUREFUEL CORP’s Rating is relatively low, our data has detected 1 risk warning in the balance sheet. To uncover the specifics of this risk warning, become a registered user on GoodWhale and access our detailed reports. More…
Peers
Its competitors include OCI Co Ltd, ISU CHEMICAL CO LTD, Soda Nikka Co Ltd. FutureFuel Corp is committed to providing innovative and sustainable energy solutions that meet the needs of its customers and the communities it serves.
– OCI Co Ltd ($KOSE:010060)
OCI Co Ltd is a South Korean conglomerate with a market cap of 2.41T as of 2022. The company has a Return on Equity of 15.29%. OCI Co Ltd is involved in a range of businesses including chemicals, construction, energy, and food & beverage. The company has a strong presence in South Korea and has been expanding its operations internationally in recent years.
– ISU CHEMICAL CO LTD ($KOSE:005950)
ISU Chemical Co., Ltd. is a publicly traded company with a market capitalization of $827.06 billion as of 2022. The company has a return on equity of 24.63%. ISU Chemical is engaged in the business of manufacturing and selling chemical products. The company’s products include organic and inorganic chemicals, plastics, fibers, resins, and other products. ISU Chemical is headquartered in Tokyo, Japan.
– Soda Nikka Co Ltd ($TSE:8158)
Soda Nikka Co Ltd is a Japanese company that manufactures and sells carbonated beverages. The company has a market cap of 13.61B as of 2022 and a Return on Equity of 5.27%. Soda Nikka Co Ltd’s products include sodas, juices, and energy drinks. The company has operations in Japan, China, and Taiwan.
Summary
Investors in FUTUREFUEL CORP were presented with a disappointing outlook after the company released its second quarter earnings results for FY2023. Revenue for the period ending June 30 2023 decreased by 27.6% to USD 85.3 million, and net income fell to -9.9 million, compared to the same period last year’s -3.1 million. Consequently, stock prices dropped in reaction to the news.
Given the company’s financial performance, long-term investors may be more cautious and consider alternative opportunities, while short-term investors may be looking to capitalize on a dip in the stock price. In either case, further analysis is warranted before investing in FUTUREFUEL CORP.
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